West Coast Ventures Group Corp fka WCVC

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WCVC Continues Strong Revenue Growth Momentum

Illegal Burger Doubles National Average Revenue Growth Rates

PR Newswire

DENVER, December 3, 2018

DENVER, December 3, 2018/PRNewswire/ --

West Coast Ventures Group Corp. (OTCQB: WCVC) ("Company"), parent company of fast-casual dining concept Illegal Burger, offering hand-crafted burgers + bar and fast-casual Mexican restaurant chain El Senor Sol, announced today that its Illegal Burger brand has surpassed national averages in revenue growth.

According to National Restaurant News Illegal Burger had the largest year-over-year Q3 2018 revenue growth at 13.3 percent for same store year-over-year growth The National Restaurant Association reported that the average growth for 2017 was 5.3 percent. Illegal Burger doubled that number reporting 10.8 percent growth in 2017. These are outstanding results, but the positive performance also extended to the operating expense side of the business as Q3 year-over-year Cost of Sales (COS) decreased 1.7 percent while Q3 year-over-year Gross Margin increased 20.7 percent. For the nine months revenue grew 7.9 percent while COS only grew 5.6 percent despite the opening of a new location. Therefore, Gross Margin grew 10.6 percent. These impressive results are a further validation of the power of the WCVC business model.

Commenting on these exciting developments, WCVC Founder and CEO Jim Nixon said, "We are delighted with our financial results as we grow our revenue while simultaneously reducing our costs. We are enjoying seeing the ongoing validation of our business model and the value it brings to our customers and shareholders. Yet, I would be remiss if I focused only on the numbers. Much of our success is the result of our employees and location managers who are so effective in executing our mission and creating relationships with our growing family of customers."

About West Coast Ventures Group Corp.  

Based in Denver, Colo., West Coast Ventures Group Corp. (WCVC) develops, owns and operates two contemporary restaurant concepts: Illegal Burger, a quick-casual burger + bar concept, and El Señor Sol, a full-service fresh Mexican restaurant (5 restaurants in the Denver Colorado area). Led by seasoned restaurant entrepreneurs, WCVC management is committed to scaling both modern sustainable concepts into national franchise models operating metro-styled restaurants serving only the finest and freshest natural ingredients.  

Forward-Looking Statements

This document may contain forward-looking statements, relating to West Coast Ventures Group Corp operations or to the environment in which it operates, which are based on West Coast Ventures Group Corp operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond West Coast Ventures Group Corp control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. West Coast Ventures Group Corp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE West Coast Ventures Group Corp.